This indicator is just a replacement of the classic ATR Indicator, but it show its results in Ticks instead of Price.
So its results can be compared with other Instruments
New Version 2 can now show the ATR in $
More info on this Blog Post :
RISK DISCLOSURE (See CFTC RULE 4.41) :
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.